Cloud Lending Solutions for Alternative Finance

End-to-end loan management software for AltFi lenders

The Challenge

A recent report by Morgan Stanley predicts that the global online lending industry will grow to between $150 billion and $490 billion by 2020. This demand will be answered by established alternative finance companies, and emerging online and marketplace lenders. However, alternative finance (AltFi) needs to devise a strategy to scale efficiently and understand that time-to-market is critical for success. To get there, you need an agile technology solution that grows your business with confidence.

Omnichannel

An omnichannel user experience throughout the lending lifecycle

Instant Decisions

Automated decision making processes with instant credit approvals

New Products

Configurability to quickly launch new products

Agility

Growing fast and innovating to exploit opportunities in the market

Cloud Lending's for Alternative Finance

Cloud Lending Solutions' end-to-end loan management solution is built for alternate finance companies looking for a technology platform for enabling or quickly growing their lending activities. Our solution encompasses origination, servicing, collections, marketplace and portal built for a true SaaS offering leveraging the Salesforce platform. Cloud Lending AlfFi solutions have a proven track record of powering industry leading online lenders, marketplace platforms and traditional lenders for consumer and commercial loans.

Online Lending

Cloud Lending Solutions' end to end loan management system is built to support online lenders with their requirements to support an online, automated experience. The solution encompasses user portals, origination, servicing, and collections and can automate the entire lending lifecycle including underwriting, servicing and collections. Built as a true SaaS offering leveraging the Salesforce Platform, the Cloud Lending can scale up smoothly as your business grows.

Commercial Lending

Cloud Lending Solutions enables alternative finance companies to accelerate and manage all commercial loan products on a single, highly configurable platform. Cloud Lending Solutions' revolutionary front-end portal technology provides a virtual workspace to support collaborative underwriting process, managing multiple borrower entities, complex document requirements, iterative reviews and approvals through an evolving borrowing and collateral structure inherent in complex commercial loans. Cloud Lending Solutions improves process efficiency throughout the commercial loan origination lifecycle, eliminates re-keying of data and reducing credit and compliance risk. With Cloud Lending Solutions, alternative finance companies can increase loan production while making better, smarter loan decisions.

Small Business Lending

Cloud Lending Solutions' comprehensive end-to-end lending platform enables alternative finance companies to accelerate the small business loan origination process, automate servicing, while effectively managing credit and compliance risk. Through Cloud Lending Solutions' revolutionary front-end portal technology, alternative finance companies can provide a modern and intuitive online small business loan application experience. Origination supports underwriting loans through the evaluation of credit, evaluating business performance, and potential. Loan servicing manages the complete billing, payments, and changes of various types of small business lending products through its entire loan term. The collections module can be used to configure and manage collections strategy for multiple lending source systems.

Marketplace Lending

Cloud Lending's marketplace solution enables loan fractionalization, investor portfolio management and investment, investor payouts and sell of loan investments in a secondary marketplace. The marketplace solution goes hand-in-hand with the loan servicing module used to manage billing, payments and payout fractionalization for the loans entire term. In addition, the origination solution allows underwriting and approval of online and commercial loan applications before floating to marketplace for attracting investments. The collections module can be used to manage in-house past-due messaging and collections activity.

Key Benefits

 

Lower Operating Costs

  • We lower operating costs through streamlined operations across all customer interactions
  • Shorten origination, servicing and collection processes through the use of automation, document management and workflow
  • Eliminate re-keying of data through an integrated, end-to-end lending process based upon a single system of record
  • Enforce underwriting rules, procedures and document requirements

Speed to Market

Quickly get to market with new products or updates to existing

Great Customer Experience

Deliver a great omnichannel customer experience for borrowers and staff

Grow Revenue

Grow top-line revenue

 

Mitigate Risk

Mitigates operational and regulatory risks with a responsive and configurable approach to maintaining document compliance and policy enforcement

Power of the Salesforce Cloud

Secure, scalable cloud platform that enables you to get quickly to market and supports long term growth

Single System of Record

Consistent, accurate, and up-to-date customer data from a single authoritative source

360° Customer View

Insight into your customer relationships

End-to-end Lending Solution

Full end-to-end loan origination including application capture, credit approval, auto-decisioning, loan verification, funding, booking and loan administration

What Our Clients Say

  • “Cloud Lending Solutions allows us to automate the entire leasing process, on a single system, from evaluating financial applications through servicing, collections and asset disposal. Leveraging the salesforce.com platform allows us to lower our operating costs, speed time to market and maintain strong relationships with our customers as we improve their overall experience.”

    Mike Sheehan

    President, Flexx

  • “Neyber’s mission is to create workplace communities that enable employees to borrow and save together at fairer rates. We set out to reduce the indebtedness of the UK workforce, and in turn, to increase staff engagement and productivity. In combination with our own proprietary technology, Cloud Lending Solutions’ platform will support the growth of our business and enable it to fulfil this mission.”

    Ezechi Britton

    CTO, Neyber

  • “Harmoney is not a bank or a finance company. Harmoney is a technology enabled financial marketplace that needed a robust receivables platform that was flexible, cost efficient and quick to implement. Cloud Lending allowed us to break away from legacy systems and reduce our time to market to a fraction of other alternatives.”

    Neil Roberts

    CEO and Founder, Harmoney

  • “With Cloud Lending Solutions we reduced an anticipated 6 to 12 month development cycle to less than 3 months. This dramatically changed our go-to-market strategy and helped us connect with consumers more quickly. Cloud Lending was the only end-to-end solution built natively on Salesforce – a strict requirement in our platform architecture. Throughout our partnership, Cloud Lending has been attentive to our needs, which has made it possible for us to deliver a reliable and secure cloud-based alternative to bank lending in less than 90 days.”

    Franck Fatras

    CTO, LendingPoint

Resources

Data Sheets

CL Originate

Next Generation Application For Loan Origination And Underwriting...

Demo Videos

Whitepapers

To build or to buy: The question for every marketplace lender

Download the whitepaper to learn How are marketplace technology requirements different?...

Case Studies

LendingPoint goes to market in 90 days

LendingPoint, a progressive online direct lender wanted a technology partner that could simplify the lending...

Harmoney Grows Revenue, Increases Loan Volumes With Cloud Lending Solutions

How our solution helped Harmoney enter the market in the shortest possible time...